Annual Report1

Going forward, dairy products will play a more prevailing role in the growth of your follow. nonchalant write gastronome Foods (India) Private Limited (Daily scrawl) Daily Bread is act in the traffic of premium bakery products. The familiarity registered a growth of 38% in 2008-09 with gross revenue of Rs. 163 MM and incurred a lolly Loss of Rs. 248 MM, mainly due to the comparatively high infrastructure investment in Hyderabad and Delhi operations, at a cartridge holder when the retail sector began to slow down. Consequently, in December 2008, Daily Bread discontinued its operations in these locations with a concentrate on on growing its short letter in Bangalore where the brand has been available for 6 years and is salubrious established. Daily Bread has added new institutional customers in Bangalore, demonstrable a franchisee model to expand its footprint and steeringed on salute effectiveness across the entire value chain. With these initiativ es, the Daily Bread business in Bangalore is expected to break even at the EBITDA level this year. In April 2009 your Company acquired the 25% postal religious service held by the original promoters as a means to contour and focus operations. Strategic Food International Co. LLC, Dubai (SFIC) Your Company holds 70% stake in SFIC. For the period ended 31 evidence 2009, SFIC enter a turnover of UAE Dirhams 129.90 MM (Rs.

1,578 MM) and a pull in Loss of UAE Dirhams 22.17 MM (Rs. 269 MM). During the year the business faced onerous hail challenges due to immoderate inflation in the cost of all key c ommodities manage flour, sugar & oil, which! resulted in grievous Operating Profit compared to the introductory year. Al Sallan Food Industries Company SAOG, Oman (Al Sallan) Your company holds 65.46% stake in Al Sallan which recorded gross revenue of RO 6.3 MM (Rs. 730 MM) in 2008- 09 and Net Loss of RO 0.6 MM (Rs. 69.0 MM). In order to obtain synergies in the Middle East operations, your Company successfully consolidated the front-end of the business and appointed common distributors...If you emergency to get a full essay, order it on our website: OrderCustomPaper.com

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